Comments on: PTCL’s Privatization: The Biggest Financial Scam in Pakistan’s History? http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/ A blog about telecommunication marketplace in Pakistan with news, information, analysis and trends Sun, 12 Oct 2008 22:58:36 +0000 http://wordpress.org/?v=2.6.2 By: Basit http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-26336 Basit Thu, 17 Jul 2008 08:59:56 +0000 http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-26336 Dear Its really a useful site about telecome sector & i really appritiate the efferts of owner & write of this website. Dear i need little inform 1) How much total active mobile subscribe in pakistan 2) How much active mobile subscriber by GSM operators 3)How much SMS are sent in per day Hope to read from u soon. Regards Hafiz Basit Dear
Its really a useful site about telecome sector & i really appritiate the efferts of owner & write of this website.

Dear i need little inform

1) How much total active mobile subscribe in pakistan
2) How much active mobile subscriber by GSM operators
3)How much SMS are sent in per day

Hope to read from u soon.

Regards
Hafiz Basit

]]> By: M Naveed Khan http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-10020 M Naveed Khan Thu, 28 Feb 2008 09:51:30 +0000 http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-10020 Well guys I am from real estate industry and its all about real estate. U guys dont know how much PTCL's real estate worth all over Pakistan. Its a gold mine and u know Arab guys love real estateeeeeeeeeeeeeeeeeeee Well guys I am from real estate industry and its all about real estate. U guys dont know how much PTCL’s real estate worth all over Pakistan. Its a gold mine and u know Arab guys love real estateeeeeeeeeeeeeeeeeeee

]]> By: meethu http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-6282 meethu Thu, 06 Dec 2007 07:18:18 +0000 http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-6282 you suck!!! you suck!!!

]]> By: State of Telecom Industry in Pakistan » Etisalat May Double Its Stake in PTCL http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-976 State of Telecom Industry in Pakistan » Etisalat May Double Its Stake in PTCL Mon, 10 Sep 2007 04:14:28 +0000 http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-976 [...] Times has reported this interesting statement. As we have been discussing, Etisalat’s last transaction (26% shares and management control) is under scrutiny these [...] [...] Times has reported this interesting statement. As we have been discussing, Etisalat’s last transaction (26% shares and management control) is under scrutiny these [...]

]]> By: Etisalat might double stakes in PTCL « Tee Emm on Pakistan Next Gen Issues http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-974 Etisalat might double stakes in PTCL « Tee Emm on Pakistan Next Gen Issues Sun, 09 Sep 2007 08:08:38 +0000 http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-974 [...] and management control in a privatization deal with the Government of Pakistan. The deal has been repeatedly attracting objections, criticism and bad press for a number of reasons ever since it was struck in [...] [...] and management control in a privatization deal with the Government of Pakistan. The deal has been repeatedly attracting objections, criticism and bad press for a number of reasons ever since it was struck in [...]

]]> By: Babar Bhatti http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-962 Babar Bhatti Wed, 05 Sep 2007 16:02:40 +0000 http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-962 The real value of PTCL assets (at the time of sale) can only be determined by experts - I would like to see those determinations before jumping to conclusions. To Omar's point the Etisalat bid was much higher than other bids. And in my opinion privatisation is good for Pakistan if we follow the process and use that money wisely. The tone of the newspaper articles is typical of journalism in Pakistan: anonymous sources and not much substance. However given the other issues with privatization in Pakistan (steel mills case for instance) this case cannot be dismissed right away and merits more investigation. If the matter goes to court then things will become clear. The real value of PTCL assets (at the time of sale) can only be determined by experts - I would like to see those determinations before jumping to conclusions. To Omar’s point the Etisalat bid was much higher than other bids. And in my opinion privatisation is good for Pakistan if we follow the process and use that money wisely.

The tone of the newspaper articles is typical of journalism in Pakistan: anonymous sources and not much substance. However given the other issues with privatization in Pakistan (steel mills case for instance) this case cannot be dismissed right away and merits more investigation. If the matter goes to court then things will become clear.

]]> By: binary-zero http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-961 binary-zero Wed, 05 Sep 2007 14:49:10 +0000 http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-961 i'm glad you wrote about it, i was wondering same why its not being discussed. This will remain as a Scam untill proven by the authentic facts & figured by Etisalat & GOP. i’m glad you wrote about it, i was wondering same why its not being discussed. This will remain as a Scam untill proven by the authentic facts & figured by Etisalat & GOP.

]]> By: Omar Ahmed http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-960 Omar Ahmed Wed, 05 Sep 2007 13:50:42 +0000 http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-960 this is the silliest "scandal" i've ever heard of! how could anyone EVER be upset when etisalat paid $2.6billion, and the next highest bidder was at $1.4billion? i mean, it seems to be true that they might've violated a couple of fine-print terms and conditions, but come on ---they paid $1.4billion (the second highest bid) up front in cold hard cash and agreed to pay the other $1.2billion over the coming years. it seems like a very reasonable payment scheme when you consider the vast divergence in competitive bids. it hurts pakistan's image when a ton of "writers" with less than half a neuron start attacking a deal that's clearly delivering unprecedented value to pakistan. if i were a foreign investor, i'd be less likely to bring my money to pakistan after observing this behavior (on the part of some politicians specifically, and the media more generally). let's try to be rational/intelligent and be a bit more critical of such silly anti-privatization talk in the future :) this is the silliest “scandal” i’ve ever heard of!

how could anyone EVER be upset when etisalat paid $2.6billion, and the next highest bidder was at $1.4billion?

i mean, it seems to be true that they might’ve violated a couple of fine-print terms and conditions, but come on —they paid $1.4billion (the second highest bid) up front in cold hard cash and agreed to pay the other $1.2billion over the coming years. it seems like a very reasonable payment scheme when you consider the vast divergence in competitive bids.

it hurts pakistan’s image when a ton of “writers” with less than half a neuron start attacking a deal that’s clearly delivering unprecedented value to pakistan. if i were a foreign investor, i’d be less likely to bring my money to pakistan after observing this behavior (on the part of some politicians specifically, and the media more generally).

let’s try to be rational/intelligent and be a bit more critical of such silly anti-privatization talk in the future :)

]]> By: Adnan Siddiqi http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-957 Adnan Siddiqi Wed, 05 Sep 2007 06:25:41 +0000 http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-957 Not surprising:) you should post on Adil's website as well. Not surprising:)

you should post on Adil’s website as well.

]]> By: Usman Farooq http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-956 Usman Farooq Wed, 05 Sep 2007 04:34:03 +0000 http://telecompk.net/2007/09/04/ptcl%e2%80%99s-privatization-the-biggest-financial-scam-in-pakistan%e2%80%99s-history/#comment-956 That was an interesting read. This scandal can be devastating to the on-going development in the Telecommunication sector. I do not understand as to why they one of the biggest contributors to Pakistan economy, PTCL, go private with a sour deal and keep it secret. Even though Privatization Commission made it clear that this is a transparent deal for all the public to see? I really hope to see some positive light been shed on this deal. That was an interesting read. This scandal can be devastating to the on-going development in the Telecommunication sector. I do not understand as to why they one of the biggest contributors to Pakistan economy, PTCL, go private with a sour deal and keep it secret. Even though Privatization Commission made it clear that this is a transparent deal for all the public to see? I really hope to see some positive light been shed on this deal.

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